Ak Bars Bank launches factoring for business

2021: Entering into a factoring service transaction

Ak Bars Bank on October 21, 2021 announced the conclusion of the first factoring service transaction. The first factoring client was Ferroni Yoshkar-Ola.

Agency factoring is implemented with the client - financing of the company's suppliers. The first funding was used to pay metal rental bills.

As of October 2021, Ak Bars Bank provides business with all types of factoring existing in the Russian market: factoring with the right of regression, without the right of regression, reverse regression and regression-free, closed, pre-delivery and agency.

Moreover, the factoring process is completely electronic - the contract is concluded using an electronic digital signature. For factoring clients, a personal online account is available to monitor funding and expenditure with the creation of the necessary reports. The verification process is also online.

Our goal is to enter the top 10 banks in the factoring service market and achieve technological leadership in electronic factoring, "said Alexey Drobot, head of the digital factoring department of the Ak Bars Bank Corporate Business Product Development Directorate.